Dubai has taken a groundbreaking step in legitimizing cryptocurrency salaries with a recent ruling from its Court of First Instance. The court ordered a company to pay an employee in cryptocurrency, as stipulated in their contract, setting a new...
In 2020, MicroStrategy, a business intelligence firm, made a groundbreaking decision that sent shockwaves through the financial world. On August 10, the company became the first publicly traded firm to adopt Bitcoin as its primary treasury reserve asset —...
Since its inception in 2009, Bitcoin has grown from a digital curiosity into a global financial powerhouse. The incredible rise in its market value from just a few pennies to over $60,000 is a story that few could have...
The story of Bitcoin investment in 2024 so far can be told in these words: it is one of steadfastness and strategic hodling. According to data from Glassnode's HODL wave chart, about 75% of all circulating Bitcoin hasn't moved...
The crypto community is on edge as the ongoing repayment process for victims of the Mt. Gox crash raises concerns about market stability. Nobuaki Kobayashi, the trustee overseeing the Mt. Gox bankruptcy, recently announced that repayments are being processed...
At the Nashville Bitcoin 2024 conference, Senator Cynthia Lummis (R-Wyo.) unveiled a "revolutionary proposal" for the U.S. government to start investing in Bitcoin. Her idea is to add Bitcoin to the nation's strategic reserve assets as a tool to...
The U.S. government, already one of the largest Bitcoin holders globally with over 200,000 coins, may soon significantly increase its holdings. A new bill introduced by Senator Cynthia Lummis (R-Wyo.) proposes creating a strategic Bitcoin reserve to reinforce the...
In a dramatic shift from its previous stance, Russia has officially legalized cryptocurrency mining. This move comes just two years after the country considered banning Bitcoin and halting all crypto-mining activities. The change in policy is largely driven by...
Venture Capital (VC) investments in the cryptocurrency sector rose significantly in early 2024 and maintained momentum through the first half of the year. According to a report from Crypto Koryo, a data analysis platform, both the total investment amounts...
The United Kingdom neobank Xapo Bank recently added a new financial product to its lineup: Interest-Bearing Bitcoin Accounts (IBBAs). These accounts offer up to 1% annual interest rate on Bitcoin holdings without requiring users to stake, lend, or lock...
